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Mergers and Acquisitions Scenario in IT/ITES in India

2009

The success story of Indian IT/BPO is attracting a lot of growth opportunities. To achieve it potential the industry is taking an inorganic route to meet its demands. The industry has been much concentrating on the fast growing US market. With the subprime crisis, and the world on the brink of...

Persistent link: https://www.econbiz.de/10014199999

Cross-border acquisitions and shareholders’ wealth : the case of the Indian pharmaceutical sector

Wajid, Abdul; Sabiha, Anjim; Akhtar, Shakeb; Tabash, … - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-17

Cross-border acquisitions by Indian companies have increased tremendously, especially during the last two decades, and the pharmaceutical industry is one of the top acquiring industries. This study verifies the relationship between cross-border acquisitions and shareholders’ wealth in the...

Persistent link: https://www.econbiz.de/10013471449

The impact of mergers and acquisitions on performance of firms : a pre- and post-TRIPS analysis of India's pharmaceutical industry

Chakraborty, Indrani; Kattuman, Paul A. - In: Asia and the global economy : AGE 3 (2023) 2, pp. 1-17

argue that our finding represents the incidence of “positioning” merger (Gorton et al., 2009). Moreover, transfer of …

Persistent link: https://www.econbiz.de/10014447624

Financial media, price discovery, and merger arbitrage

Buehlmaier, Matthias M. M.; Zechner, Josef - 2016

Using merger announcements and applying methods from computational linguistics we find strong evidence that stock … merger completion increases the subsequent 12-day return of a long-short merger strategy by 1.2 percentage points. Filtering … merger arbitrage by 9.3 percentage points. Our results are particularly pronounced when high-yield spreads are large and on …

Persistent link: https://www.econbiz.de/10011550442

The Efficient Market Theory and Mergers and Acquisitions (M&As) Puzzle : Evidence from Italy

Rossi, Fabrizio - 2012

The efficient market theory is a central point in finance. If the capital market is competitive, the investors cannot expect superior gains from their investment strategies with respect to the risk profile. Event studies are an approach to verify the impact of the information on the stock...

Persistent link: https://www.econbiz.de/10013096312

Analyzing European SPACs

Ignatyeva, Elena - 2013

This paper analyzes Special Purpose Acquisition Companies (SPACs) in Europe. We document various aspects associated with European SPACs by using a unique and hand-collected data sample encompassing all 19 SPACs which have been listed on European stock exchanges since 2005. The paper shows that...

Persistent link: https://www.econbiz.de/10013090227

Does the Stock Market Expect Upcoming Merger Activity?

Saidiev, Ulugbek - 2014

upcoming aggregate merger activity and the present values of the factors HML and SMB in the Fama-French three-factor model of …

Persistent link: https://www.econbiz.de/10013065679

Gains from Mergers and Acquisitions Around the World : New Evidence

Alexandridis, George - 2010

around the deal announcement are not unanimous across countries. Acquirers beyond the most competitive takeover markets (the … corporate control is a robust determinant of shareholder gains and takeover premia after controlling for deal, firm …

Persistent link: https://www.econbiz.de/10013152431

Debtholder Wealth Effects in Mergers and Acquisitions : Evidence from the CDS Market

Huettermann, Kai - 2020

This paper examines changes in acquirer and target companies' Credit Default Swap (CDS) spreads as a proxy for default risk around official mergers and acquisitions (M&A) announce-ments. Related literature extensively documents wealth effects triggered by M&A from the shareholders' perspective,...

Persistent link: https://www.econbiz.de/10012843225

Mergers Aren't So Black & White

Griffin, Caleb N. - 2019

Persistent link: https://www.econbiz.de/10012891822